Pi Coin Nears Record Low as Social Volume Collapses

Pi Coin is approaching a fresh all-time low as price tests the $0.145 neckline of a Head and Shoulders pattern on the daily chart. A daily close below $0.145 would open a path to the $0.130 low recorded in February, roughly 13% below current levels.

The PI/USDT daily chart shows a Head and Shoulders reversal. The left shoulder formed in mid-February, the head printed in mid-March and the right shoulder completed in mid-May and is now rolling over. The horizontal neckline sits at $0.145 and serves as immediate technical support.

Chaikin Money Flow on the daily timeframe is about -0.04, the weakest reading since early April and below zero. A drop beneath about -0.05 would indicate a heavier phase of capital outflows on a volume-weighted basis.

Santiment’s Social Volume metric, which counts unique social documents across crypto channels, has declined to 1 from a peak of 31 on May 8, a roughly 97% fall. The decline in social activity accompanies the price drift lower.

The Smart Money Index stands near 0.9063 while its signal line is around 0.9157, placing the index below its signal. The index is testing an ascending trendline drawn from the early-February low; a clear break below that trendline would move the metric toward levels last seen on Feb. 11, when PI printed the $0.130 low.

Immediate support under the $0.145 neckline is $0.143, the 0.236 Fibonacci retracement. If $0.130 gives way, the following technical supports are $0.129 (0.5), $0.122 (0.618), $0.113 (0.786) and $0.102 (1.0). The Head and Shoulders measured-move target is near $0.074, with a 1.618 projection around $0.069. Any level below $0.130 would create a new all-time low.

A daily close back above $0.156, the right-shoulder peak, would be the first sign of a bullish reset. A move past $0.200 would indicate stronger upside potential, while a sustained break above $0.300 would invalidate the bearish pattern.

Key technical thresholds include the $0.145 neckline, the Smart Money Index trendline and current Chaikin Money Flow readings; those levels will define near-term price risk and possible recovery points for the token.